Weighing in on the evolution of payments back in June 2021, Victoria Cleland, Executive Director for Banking, Payments and Innovation of the Bank of England, stated that the world had moved on “from a time when cash was king,” and insisted that digital money could, “contribute to faster, cheaper, and more efficient payments.”
In the coming years, it will be become increasingly more challenging to spend paper money amid the overwhelming shift to electronic payments, the Bank of England has underscored. In light of this trend, it is imperative to be prepared for that eventuality, and develop an electronic […]
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